TheStreet Reiterates Buy Rating for Twenty-First Century Fox (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Friday, AnalystRatingsNetwork reports.
The analysts wrote, “Twenty-First Century Fox (FOXA) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”
FOXA has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note to investors on Thursday, September 12th. They now have a $37.00 price target on the stock, up previously from $34.00. Separately, analysts at ISI Group initiated coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note to investors on Tuesday, September 10th. They set a “strong-buy” rating and a $38.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Twenty-First Century Fox (NASDAQ:FOXA) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $32.10 price target on the stock.
Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $35.41.
Twenty-First Century Fox (NASDAQ:FOXA) traded up 1.25% on Friday, hitting $33.22. 4,112,671 shares of the company’s stock traded hands. Twenty-First Century Fox has a 52 week low of $20.2915 and a 52 week high of $33.84. The stock’s 50-day moving average is $32.01 and its 200-day moving average is $29.20. The company has a market cap of $76.723 billion and a P/E ratio of 10.83.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.03. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.12 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, October 16th. Investors of record on Wednesday, September 11th will be given a dividend of $0.13 per share. This represents a yield of 0.77%. The ex-dividend date of this dividend is Monday, September 9th.
Twenty-First Century Fox, Inc, formerly News Corporation, has a portfolio of cable, broadcast, film, pay television and satellite assets spanning six continents across the globe.
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